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Assume that you are a consultant to Thornton Inc., and you have been provided with the following data: rRF = 3.9%; RPM = 5.8%; and

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Assume that you are a consultant to Thornton Inc., and you have been provided with the following data: rRF = 3.9%; RPM = 5.8%; and b = 0.6. What is the cost of equity from retained earnings based on the CAPM approach? 0 7.68% O 6.78% O 7.08% O 7.98% O 7.38%

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